The document discusses cost of production (COP) for farms. It explains that understanding COP is important for benchmarking, planning, setting targets, and improving profitability and sustainability. Achieving continual good cost management can lead to significant profits. The document provides examples of areas where small reductions in costs can make a meaningful difference, such as feed usage and fertilizer application. It emphasizes that determining the appropriate COP involves considering various farm-specific factors and goals.
The document provides information about Medici Bloodstock Management Ltd, a company offering investors opportunities in the Irish thoroughbred market. It summarizes MBM's strategy of purchasing quality broodmares, breeding foals, and reselling the foals and mares at auctions over a 6 year period. Statistics are given on top stallions and recent sales figures, showing strong demand and increasing prices in the Irish bloodstock market. The highest priced lot at the 2015 Goffs November Foal Sale was a Dubawi colt that sold for a record €1.1 million.
Transaction update - Corporate and Banking Spring/Summer 2016Browne Jacobson LLP
The first half of 2016 has been an incredibly busy period for our corporate and banking teams who have advised on a whole range of transactions in a variety of sectors. This period saw us not only named by Experian as one of the Top 20 UK's leading dealmakers for the first three months of 2016 but also enabled our corporate finance team to pick up the coveted ‘Legal Team of the Year’ award at the Insider East Midlands Dealmakers Awards in May 2016.
Here are a selection of the deals we have been involved in which we are proud to say also include the Insider East Midlands Dealmakers Awards ‘Deal of the Year’ where we acted for PCT Healthcare on its £80m acquisition of WR Evans’ Chemists.
https://www.brownejacobson.com/sectors-and-services/services/corporate-and-commercial
Disaster Recovery Status Report 22 Feb2012reesmorgan
The document provides a status report on a disaster recovery test conducted by Aviat Networks on February 22, 2012. It details the applications tested, environment prepared, timeline, and discoveries from the test. The test validated Aviat's disaster recovery solution using EMC RecoverPoint and VMware SRM to failover virtual machines from Santa Clara to San Antonio. Some applications tested successfully while others had partial or failed results, revealing areas for improvement in the disaster recovery configuration.
Juan Rafael Mora fue un destacado político y presidente de Costa Rica entre 1849-1859. Lideró con éxito la campaña militar contra el filibusterismo estadounidense liderado por William Walker, logrando importantes victorias y consolidando la independencia de Costa Rica. No obstante, su liderazgo también generó oposición interna debido a los costos de la guerra.
This document provides a summary of the National Landlord Day conference held on November 13, 2018. The conference included sessions on protecting rental income amid changing taxation, short term property letting, handling difficult tenant situations, and understanding universal credit. It provides an agenda with times and locations for breakout sessions on various landlord-related topics. National Landlord Day aims to support landlords through educational sessions and networking with industry sponsors and representatives.
This document summarizes a presentation given at the National Landlord Day conference on November 13, 2018 about enforcing tribunal decisions through the role of sheriff officers. The presentation covered the historic role of sheriff officers and their functions in enforcing decisions such as removing tenants from vacant properties, recovering rental arrears, instituting earnings arrestments to deduct money from salaries to pay debts, using arrestments to freeze funds held with third parties, and attaching and auctioning movable property. Costs for various enforcement methods such as charges for payment, earnings arrestments, arrestments, and attachments were also reviewed.
This newsletter summarizes recent events for clients of Rombourne, a business center provider. It discusses various fundraisers and events held by clients and staff around Easter and Red Nose Day that raised over £677 for charity. It also highlights the successes of clients Centurion VAT and Animal Friends Insurance, including awards nominations. Finally, it promotes the many cultural and environmental accolades and events happening in Bristol in the coming months, cementing it as a thriving city.
The document discusses cost of production (COP) for farms. It explains that understanding COP is important for benchmarking, planning, setting targets, and improving profitability and sustainability. Achieving continual good cost management can lead to significant profits. The document provides examples of areas where small reductions in costs can make a meaningful difference, such as feed usage and fertilizer application. It emphasizes that determining the appropriate COP involves considering various farm-specific factors and goals.
The document provides information about Medici Bloodstock Management Ltd, a company offering investors opportunities in the Irish thoroughbred market. It summarizes MBM's strategy of purchasing quality broodmares, breeding foals, and reselling the foals and mares at auctions over a 6 year period. Statistics are given on top stallions and recent sales figures, showing strong demand and increasing prices in the Irish bloodstock market. The highest priced lot at the 2015 Goffs November Foal Sale was a Dubawi colt that sold for a record €1.1 million.
Transaction update - Corporate and Banking Spring/Summer 2016Browne Jacobson LLP
The first half of 2016 has been an incredibly busy period for our corporate and banking teams who have advised on a whole range of transactions in a variety of sectors. This period saw us not only named by Experian as one of the Top 20 UK's leading dealmakers for the first three months of 2016 but also enabled our corporate finance team to pick up the coveted ‘Legal Team of the Year’ award at the Insider East Midlands Dealmakers Awards in May 2016.
Here are a selection of the deals we have been involved in which we are proud to say also include the Insider East Midlands Dealmakers Awards ‘Deal of the Year’ where we acted for PCT Healthcare on its £80m acquisition of WR Evans’ Chemists.
https://www.brownejacobson.com/sectors-and-services/services/corporate-and-commercial
Disaster Recovery Status Report 22 Feb2012reesmorgan
The document provides a status report on a disaster recovery test conducted by Aviat Networks on February 22, 2012. It details the applications tested, environment prepared, timeline, and discoveries from the test. The test validated Aviat's disaster recovery solution using EMC RecoverPoint and VMware SRM to failover virtual machines from Santa Clara to San Antonio. Some applications tested successfully while others had partial or failed results, revealing areas for improvement in the disaster recovery configuration.
Juan Rafael Mora fue un destacado político y presidente de Costa Rica entre 1849-1859. Lideró con éxito la campaña militar contra el filibusterismo estadounidense liderado por William Walker, logrando importantes victorias y consolidando la independencia de Costa Rica. No obstante, su liderazgo también generó oposición interna debido a los costos de la guerra.
This document provides a summary of the National Landlord Day conference held on November 13, 2018. The conference included sessions on protecting rental income amid changing taxation, short term property letting, handling difficult tenant situations, and understanding universal credit. It provides an agenda with times and locations for breakout sessions on various landlord-related topics. National Landlord Day aims to support landlords through educational sessions and networking with industry sponsors and representatives.
This document summarizes a presentation given at the National Landlord Day conference on November 13, 2018 about enforcing tribunal decisions through the role of sheriff officers. The presentation covered the historic role of sheriff officers and their functions in enforcing decisions such as removing tenants from vacant properties, recovering rental arrears, instituting earnings arrestments to deduct money from salaries to pay debts, using arrestments to freeze funds held with third parties, and attaching and auctioning movable property. Costs for various enforcement methods such as charges for payment, earnings arrestments, arrestments, and attachments were also reviewed.
This newsletter summarizes recent events for clients of Rombourne, a business center provider. It discusses various fundraisers and events held by clients and staff around Easter and Red Nose Day that raised over £677 for charity. It also highlights the successes of clients Centurion VAT and Animal Friends Insurance, including awards nominations. Finally, it promotes the many cultural and environmental accolades and events happening in Bristol in the coming months, cementing it as a thriving city.
As we’re well aware, everyone’s talking about environmental issues at the moment. On the one hand that’s great, we certainly all need to be, but on the other hand this has led to a tidal wave of eco-marketing. With products of every type from soap powder to SUV’s claiming to help save the planet.
We felt we wanted to talk about this topic without the traps of unfounded claims and visual cliché’s so we put this report together to tell our customers what we are doing and why we’re doing it.
This report attempts to take a fresh approach to bring transparency to a critical subject, at a time when no company seems to be without an environmental policy.
This document discusses updates on UK agricultural grants and policies. It notes that some EU productivity grants have closed to new applications, but other grants from Natural England, the RPA, and local authorities remain available. The Small Countryside Productivity Scheme will reopen in early 2019. Going forward, the Environmental Land Management Scheme will provide funding to reduce emissions and protect habitats. The document also reviews recent farm income levels and issues currently facing UK agriculture.
A Presentation from a panel of experts including a Chartered Tax Adviser, a Chartered Wealth Manager, an Estate Planning Solicitor and our special celebrity guest speaker, BBC financial pundit and Co-Founder of Seven Investment Management, Justin Urquhart-Stewart. This event took place in Plympton on 11th October 2017
This document provides information about Gresham Street Partners' wealth creation platform, which utilizes a Qualifying Non-UK Pension (QNUPS) Trust structure. It outlines problems with the UK system like capital gains tax, property taxes, inheritance tax and pension inflexibility. The QNUPS Trust is presented as a solution that avoids these issues and allows assets to grow tax-free. Tables show the tax benefits for both clients and HMRC over time. The document also details how the investments are managed, who the trustees are, and that funds can be accessed from age 55 if living in the UK.
WECAN and Business Engagement - GSW and Green Flag AwardsPhil Burkhard
This document discusses the development of a green giving service in Wales to support natural environment projects. It outlines lessons learned from the WECAN business engagement program including the importance of taking a strategic, responsible business approach focused on investment opportunities rather than corporate social responsibility. The vision is to create a sustainable commercial service linked to business and public giving to support green spaces in Wales for economic, social and environmental benefits. Key aspects of the proposed Green Giving Service customer offer and funding model are described.
Tax planning seminar delivered to Mercia on 14 May 2012derand
This document discusses commercial approaches to taxation and asset protection. It begins by outlining issues clients may have with keeping private financial details and separating cash reserves from business operations and risks. It then provides several tips for addressing these issues, including establishing a group structure with a holding company to hive off trade operations and pay dividends without tax leakage. The document also provides tips for cash extraction from companies, protecting personal assets, addressing directors' loan issues, and avoiding the professional close company surcharge.
The document summarizes the latest news from adi Group, a 25-year-old multi-disciplinary engineering firm. It discusses adi Group's 25th anniversary celebrations, new recruits, projects, awards and accreditations. Upcoming events and fundraising efforts for their charity of the year are also mentioned.
This document contains a summary of a budget presentation and survey results from last year. It discusses key points from the UK budget such as reductions to corporation tax and capital allowance changes to support business investment. It also outlines planned increases to personal income tax allowances and the lifetime pension allowance. Survey results are provided on economic forecasts and views on the economy from last year along with a new survey on business confidence after this budget.
The document summarizes changes in the UK dairy industry over the last 30 years. It discusses the rise and fall of the Milk Marketing Board and the increasing consolidation of dairy farming. A few key points:
- The number of dairy farmers in the UK has fallen dramatically, from over 30,000 in the 1990s to under 14,000 now, as the industry has consolidated.
- Similarly, the number of dairy processors has decreased, resulting in a virtual duopoly for fresh milk by 2010.
- UK dairy production has become more export-focused and oriented towards global markets, as the global dairy market and demand has increased.
- Volatility in milk prices has increased over this period as well,
The document summarizes a food and drink seminar that took place on December 9th, 2010 in Gloucestershire. The agenda included introductions, case studies from local food companies, and presentations on exporting, environmental support resources, and developing a successful brand. UKTI and Business Link representatives discussed the services and support they provide to help businesses grow internationally and improve resource efficiency. A case study highlighted how the IYRE project helped a brewery reduce costs through efficiency improvements. The seminar aimed to provide local food and drink companies opportunities to learn from each other and access strategic support to help their businesses grow.
This document provides an overview of doing business in Australia, with a focus on opportunities in Queensland. It discusses Australia's strong economic performance and proximity to fast-growing Asian markets. Several case studies are presented on Scottish companies that have successfully expanded into the Australian market, highlighting both challenges and opportunities. The document also outlines various government initiatives and industry sectors with potential for further investment and trade between Scotland and Australia.
• Queen’s birthday and Euros boost sales at Waitrose
• Iceland beats off competition from Aldi at ‘Frozen Food Industry Oscars’
• Poundland FY 2015/16: challenging year as discounter prepares for growth
• Waitrose opens new Truro branch alongside Great Cornish Food Store
• Tesco sells Dobbie Garden Centres for £217m
• Convenience store numbers reach 'saturation' after surging 21% in five years
• Warmer weather boosts retail expenditure in May
• Holland & Barrett enjoys strong growth both home and abroad
• Revlon to acquire Elizabeth Arden
• Brexit threat has already hit UK ad spend, says IPG Magna forecast
This document discusses moving assets offshore to protect wealth and secure inheritance through a Qualifying Non-UK Pension (QNUPS) Trust structure. It outlines some of the tax issues with holding assets in the UK, such as capital gains tax, property tax, and inheritance tax. The document then presents the QNUPS Trust as a solution, explaining how it provides estate protection, wealth creation, and avoids UK taxes when assets are held offshore. It provides comparisons of different structures for holding UK property and asserts that a QNUPS Trust is the best option. The document aims to reassure on the legality and credibility of this strategy and outlines the benefits for both clients and HMRC.
1) The document provides an overview of taxation in the United Kingdom, outlining various taxes such as income tax, value added tax, corporate tax, capital gains tax, and others.
2) Key details are given for each tax, including tax rates, allowances, payment deadlines, exemptions, and penalties.
3) Taxes are levied by both central and local governments in the UK, with revenue from taxes going towards public services and programs.
Truro Breakfast Briefing - Pre-tax year-end planning for owner managed companiesPKF Francis Clark
This document summarizes a breakfast briefing on pre-year end tax planning held by PKF Francis Clark on March 5, 2019. The briefing covered various tax planning strategies for owner-managed companies, including remuneration planning using salary, interest, dividends and other methods. It also discussed reducing taxable income through pensions, EIS/VCT funds and other means. Finally, it touched on corporation tax considerations and capital allowances for equipment investment. Presentations on specific topics lasted around 10-25 minutes each.
The document summarizes the priorities of Eddie Downey as the newly elected President of the Irish Farmers' Association (IFA). His top priorities are improving farm incomes by securing higher prices and reducing costs, and establishing a new Charter of Farmers' Rights to reduce stress from inspections and guarantee fair treatment of farmers. He will also advocate that Irish agriculture not be sacrificed in EU trade deals and that the government farm taxation review maintains existing tax reliefs and provides new incentives for investment, land mobility, and managing income volatility. The document outlines Downey's discussions with various stakeholders on these issues and IFA's positions on related matters like the nitrates regulations review and EU trade negotiations.
Inheritance Tax Planning in uncertain times Dec 2010duncanorr
This document provides an overview of inheritance tax planning strategies. It discusses calculating inheritance tax liability and allowances like annual exemptions and gifts. It outlines the risks of legislative changes and investment volatility. It then presents three strategies to reduce inheritance tax liability: flexible trust planning to gift assets while maintaining control; investing in businesses qualifying for business property relief; and using life insurance to fund any inheritance tax due. Managing an overall inheritance tax plan by reviewing it over time is also emphasized.
Thomas Westcott Agricultural Seminar 16/10/2019Jamie Giles
The document provides information on grants and schemes available to farmers in 2020, including the Natural England Countryside Stewardship scheme and Basic Payment Scheme (BPS) payments from the Rural Payments Agency (RPA). It also discusses the proposed Environmental Land Management (ELM) scheme and its focus on improving air and water quality, biodiversity, climate change mitigation and other environmental targets. The document further outlines capital taxes farmers need to consider, such as Capital Gains Tax on lifetime disposals and Inheritance Tax on transfers on death.
This seminar features presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region. The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements.
One of the most significant trends that we have noticed at DCU Centre for Family Business is the increased prominence of women into more public and visible leadership roles in family business both in Ireland and on a global scale. In acknowledgement of this trend, DCU CFB is holding series of workshops aimed at creating awareness and igniting of important conversations around inclusivity and diversity in family business leadership. It is important to note that this series of workshops are not for women in family business but rather workshops acknowledging the contribution that women have historically made and continue to make to the family business domain. Therefore, everyone is welcome to attend regardless of their gender!
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Similar to 19th November CFB Event - Speaker Slides
As we’re well aware, everyone’s talking about environmental issues at the moment. On the one hand that’s great, we certainly all need to be, but on the other hand this has led to a tidal wave of eco-marketing. With products of every type from soap powder to SUV’s claiming to help save the planet.
We felt we wanted to talk about this topic without the traps of unfounded claims and visual cliché’s so we put this report together to tell our customers what we are doing and why we’re doing it.
This report attempts to take a fresh approach to bring transparency to a critical subject, at a time when no company seems to be without an environmental policy.
This document discusses updates on UK agricultural grants and policies. It notes that some EU productivity grants have closed to new applications, but other grants from Natural England, the RPA, and local authorities remain available. The Small Countryside Productivity Scheme will reopen in early 2019. Going forward, the Environmental Land Management Scheme will provide funding to reduce emissions and protect habitats. The document also reviews recent farm income levels and issues currently facing UK agriculture.
A Presentation from a panel of experts including a Chartered Tax Adviser, a Chartered Wealth Manager, an Estate Planning Solicitor and our special celebrity guest speaker, BBC financial pundit and Co-Founder of Seven Investment Management, Justin Urquhart-Stewart. This event took place in Plympton on 11th October 2017
This document provides information about Gresham Street Partners' wealth creation platform, which utilizes a Qualifying Non-UK Pension (QNUPS) Trust structure. It outlines problems with the UK system like capital gains tax, property taxes, inheritance tax and pension inflexibility. The QNUPS Trust is presented as a solution that avoids these issues and allows assets to grow tax-free. Tables show the tax benefits for both clients and HMRC over time. The document also details how the investments are managed, who the trustees are, and that funds can be accessed from age 55 if living in the UK.
WECAN and Business Engagement - GSW and Green Flag AwardsPhil Burkhard
This document discusses the development of a green giving service in Wales to support natural environment projects. It outlines lessons learned from the WECAN business engagement program including the importance of taking a strategic, responsible business approach focused on investment opportunities rather than corporate social responsibility. The vision is to create a sustainable commercial service linked to business and public giving to support green spaces in Wales for economic, social and environmental benefits. Key aspects of the proposed Green Giving Service customer offer and funding model are described.
Tax planning seminar delivered to Mercia on 14 May 2012derand
This document discusses commercial approaches to taxation and asset protection. It begins by outlining issues clients may have with keeping private financial details and separating cash reserves from business operations and risks. It then provides several tips for addressing these issues, including establishing a group structure with a holding company to hive off trade operations and pay dividends without tax leakage. The document also provides tips for cash extraction from companies, protecting personal assets, addressing directors' loan issues, and avoiding the professional close company surcharge.
The document summarizes the latest news from adi Group, a 25-year-old multi-disciplinary engineering firm. It discusses adi Group's 25th anniversary celebrations, new recruits, projects, awards and accreditations. Upcoming events and fundraising efforts for their charity of the year are also mentioned.
This document contains a summary of a budget presentation and survey results from last year. It discusses key points from the UK budget such as reductions to corporation tax and capital allowance changes to support business investment. It also outlines planned increases to personal income tax allowances and the lifetime pension allowance. Survey results are provided on economic forecasts and views on the economy from last year along with a new survey on business confidence after this budget.
The document summarizes changes in the UK dairy industry over the last 30 years. It discusses the rise and fall of the Milk Marketing Board and the increasing consolidation of dairy farming. A few key points:
- The number of dairy farmers in the UK has fallen dramatically, from over 30,000 in the 1990s to under 14,000 now, as the industry has consolidated.
- Similarly, the number of dairy processors has decreased, resulting in a virtual duopoly for fresh milk by 2010.
- UK dairy production has become more export-focused and oriented towards global markets, as the global dairy market and demand has increased.
- Volatility in milk prices has increased over this period as well,
The document summarizes a food and drink seminar that took place on December 9th, 2010 in Gloucestershire. The agenda included introductions, case studies from local food companies, and presentations on exporting, environmental support resources, and developing a successful brand. UKTI and Business Link representatives discussed the services and support they provide to help businesses grow internationally and improve resource efficiency. A case study highlighted how the IYRE project helped a brewery reduce costs through efficiency improvements. The seminar aimed to provide local food and drink companies opportunities to learn from each other and access strategic support to help their businesses grow.
This document provides an overview of doing business in Australia, with a focus on opportunities in Queensland. It discusses Australia's strong economic performance and proximity to fast-growing Asian markets. Several case studies are presented on Scottish companies that have successfully expanded into the Australian market, highlighting both challenges and opportunities. The document also outlines various government initiatives and industry sectors with potential for further investment and trade between Scotland and Australia.
• Queen’s birthday and Euros boost sales at Waitrose
• Iceland beats off competition from Aldi at ‘Frozen Food Industry Oscars’
• Poundland FY 2015/16: challenging year as discounter prepares for growth
• Waitrose opens new Truro branch alongside Great Cornish Food Store
• Tesco sells Dobbie Garden Centres for £217m
• Convenience store numbers reach 'saturation' after surging 21% in five years
• Warmer weather boosts retail expenditure in May
• Holland & Barrett enjoys strong growth both home and abroad
• Revlon to acquire Elizabeth Arden
• Brexit threat has already hit UK ad spend, says IPG Magna forecast
This document discusses moving assets offshore to protect wealth and secure inheritance through a Qualifying Non-UK Pension (QNUPS) Trust structure. It outlines some of the tax issues with holding assets in the UK, such as capital gains tax, property tax, and inheritance tax. The document then presents the QNUPS Trust as a solution, explaining how it provides estate protection, wealth creation, and avoids UK taxes when assets are held offshore. It provides comparisons of different structures for holding UK property and asserts that a QNUPS Trust is the best option. The document aims to reassure on the legality and credibility of this strategy and outlines the benefits for both clients and HMRC.
1) The document provides an overview of taxation in the United Kingdom, outlining various taxes such as income tax, value added tax, corporate tax, capital gains tax, and others.
2) Key details are given for each tax, including tax rates, allowances, payment deadlines, exemptions, and penalties.
3) Taxes are levied by both central and local governments in the UK, with revenue from taxes going towards public services and programs.
Truro Breakfast Briefing - Pre-tax year-end planning for owner managed companiesPKF Francis Clark
This document summarizes a breakfast briefing on pre-year end tax planning held by PKF Francis Clark on March 5, 2019. The briefing covered various tax planning strategies for owner-managed companies, including remuneration planning using salary, interest, dividends and other methods. It also discussed reducing taxable income through pensions, EIS/VCT funds and other means. Finally, it touched on corporation tax considerations and capital allowances for equipment investment. Presentations on specific topics lasted around 10-25 minutes each.
The document summarizes the priorities of Eddie Downey as the newly elected President of the Irish Farmers' Association (IFA). His top priorities are improving farm incomes by securing higher prices and reducing costs, and establishing a new Charter of Farmers' Rights to reduce stress from inspections and guarantee fair treatment of farmers. He will also advocate that Irish agriculture not be sacrificed in EU trade deals and that the government farm taxation review maintains existing tax reliefs and provides new incentives for investment, land mobility, and managing income volatility. The document outlines Downey's discussions with various stakeholders on these issues and IFA's positions on related matters like the nitrates regulations review and EU trade negotiations.
Inheritance Tax Planning in uncertain times Dec 2010duncanorr
This document provides an overview of inheritance tax planning strategies. It discusses calculating inheritance tax liability and allowances like annual exemptions and gifts. It outlines the risks of legislative changes and investment volatility. It then presents three strategies to reduce inheritance tax liability: flexible trust planning to gift assets while maintaining control; investing in businesses qualifying for business property relief; and using life insurance to fund any inheritance tax due. Managing an overall inheritance tax plan by reviewing it over time is also emphasized.
Thomas Westcott Agricultural Seminar 16/10/2019Jamie Giles
The document provides information on grants and schemes available to farmers in 2020, including the Natural England Countryside Stewardship scheme and Basic Payment Scheme (BPS) payments from the Rural Payments Agency (RPA). It also discusses the proposed Environmental Land Management (ELM) scheme and its focus on improving air and water quality, biodiversity, climate change mitigation and other environmental targets. The document further outlines capital taxes farmers need to consider, such as Capital Gains Tax on lifetime disposals and Inheritance Tax on transfers on death.
This seminar features presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region. The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements.
Similar to 19th November CFB Event - Speaker Slides (20)
One of the most significant trends that we have noticed at DCU Centre for Family Business is the increased prominence of women into more public and visible leadership roles in family business both in Ireland and on a global scale. In acknowledgement of this trend, DCU CFB is holding series of workshops aimed at creating awareness and igniting of important conversations around inclusivity and diversity in family business leadership. It is important to note that this series of workshops are not for women in family business but rather workshops acknowledging the contribution that women have historically made and continue to make to the family business domain. Therefore, everyone is welcome to attend regardless of their gender!
This document discusses working with family businesses from engaging family members, to retaining them, and passing the business to the next generation. It includes:
- An agenda for a workshop on the topic, including presentations from experts.
- A case study of MJ Conroy & Sons, a 3 generation family construction business that has diversified internationally over time through property development, commercial agriculture, and other industries to manage risk.
- How the business changed ownership structures over time through family buyouts as generations succeeded one another, requiring distinction between family and business relations.
Talent in Family Business Series interactive workshop
Nurturing Talent in the Family Business: Exemplary Human Resources Practices
An interactive forum with expert advice, peer to peer learning and excellent networking opportunities.
This document provides an overview of a keynote presentation on attracting and retaining family and non-family talent in a family business. The presentation discusses best practices for non-family involvement through lessons from Irish family businesses. It emphasizes the importance of clear communication, addressing potential issues between family and non-family members, and incentivizing non-family employees appropriately. The presentation also covers challenges that may arise for family members working in the business and the importance of professionalizing family businesses through recognizing barriers and aligning talent management practices with business strategy.
This document discusses managing talent, both family and non-family, in family businesses. It begins with an agenda covering managing talent, a case study of the Darley family business, and creating a supportive environment for non-family employees. It then addresses challenges such as the glass ceiling for non-family professionals and managing family talent. The document provides ways to create a beneficial environment for non-family managers, such as involving them in planning and offering compensation comparable to industry standards. It also discusses reasons a family business may consider hiring a non-family CEO or non-executive director. Finally, it stresses the importance of talent management in family businesses to avoid issues like high turnover.
Prof. Ken Moores is a Professor in Management (Family Business) and Founding Director of the Australian Centre for Family Business. As a founding academic member of Bond University, Prof. Moores initially undertook the responsibilities of Professor of Accounting and sometimes Dean and Associate Dean of the School of Business. Prior to resuming Directorship of the Centre in 2004, Professor Moores served as Vice-Chancellor and President of Bond University from 1997 to 2003.
Ken is also a veteran Family Business Chairman and Non-Executive Director of Fourth Generation family business.
Professor Moores pioneered research and recognition of family business in Australia and has achieved international recognition for his work. His 2003 book based on involvement with Australia’s entrepreneurial family business community, co-authored with Mary Barrett, "Learning Family Business: Paradoxes and Pathways", has been widely acclaimed for its insightful observations about family businesses.
This document summarizes the findings of PwC's 2014 family business survey, which interviewed 99 family businesses in Ireland. The key findings are:
1. Irish family businesses are more confident about future growth, with 63% growing in the last year and 86% aiming to grow in the next 5 years.
2. Priorities for family businesses are achieving growth, professionalizing the business, and diversifying, while maintaining family and community values.
3. There is increased focus on professionalism, innovation, skills, and international expansion to drive growth. Succession planning and formalizing family governance are also priorities.
4. International sales make up 25% of revenues currently but are expected to rise to
This document discusses issues facing the multi-generational family business Paddy's Italia. The business was founded as a pub by Paddy and is now a successful chain of restaurants led by his son Stephen as CEO. Stephen wants to pass management responsibilities to his son Dominic, but is reluctant to fully let go. Other issues discussed include how to divide business assets between children involved in the business and those not, balancing experience and education between generations, and ensuring fair compensation. The document provides perspectives on effectively addressing these challenges to help facilitate a smooth transition of the business to the next generation.
The document discusses a framework for multi-generational success in family businesses. It notes that only 30% of second generation businesses and 12% of third or greater generation businesses survive. The framework outlines four phases of learning for family members involved in the business: learning the business, learning the family business, learning to lead, and learning to let go. It emphasizes the importance of outside experience, education, family assemblies, councils, succession planning and management systems.
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Revolutionizing Surface Protection Xlcoatings Nano Based SolutionsExcel coatings
Excelcoating Transforming surface protection with their cutting-edge, eco-friendly nano-based coatings. This presentation delves into their innovative product lineup, including Excel CoolCoat for roof cooling, Excel NanoSeal for cement surfaces, Excel StayCool for UV-filtering glass, Excel StayClean for solar panels, Excel CoolTile for heat-reflective tiles, and Excel InsulX for film insulation.
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NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi_compressed.pdfKhaled Al Awadi
Greetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
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8. Family Business Dilemmas
• Family
– Happiness
– Wealth transfer & growth
– Togetherness
– Fairness
• Business
– Values
– Meritocracy
– Professionally managed
• Divorce / Spouses / Capital
9. 1. William Carton (1723 – 1790)
2. George Carton (1755 – 1804)
3. Peter Carton (1787 – 1830)
4. Denis Carton (1813 – 1865)
Family
Peter Joseph Carton
(1851 – 1938)
Carton
Bros
Estd. 1775
Joseph Carton
(1842 – 1921)
Thomas Carton
(1844 – 1927) 5
6 Ado Carton *
Vincent Carton
(1894 – 1990) (1888 – 1963)
Fonso Carton
(1885 – 1981)
Thomas Carton
(1897 – 1967)
Leo Carton
(1887 – 1913)
Peter Carton
(1898 – 1936)
Hugh
7
Ruth Brian Ann Myles Garret Mary
Thomas Miriam Enid Helene
8 Vincent Justin
9 Kate Sophie Isabelle Geraldine Chloe Holly Aimee Alanna
10. Succession without a Plan
• Gen 1 to 6
• Gen 7
• Gen 8
– 1979
– Vincent
– 1980’s
– Not happening
– The talk (1998)
• Learning's
11. Family in the Business
a) Family Council & Charter
b) Good Shareholder
c) Summer work
d) Criteria for next gen
e) Skillset
f) Passion
g) Progression plan
h) Choosing the leader
i) Standing on the shoulders of giants
12. Learning's
• Transfer timing – Crisis
• Wealth transfer – what exists
• Who selects the leader ?
• Family engagement
• Non family
• Talk of failures
26. Thank You
Presentation by Tim Lynch
Telephone - 01 7004032
Mobile - 087 0504032
Email - tim.lynch@kpmg.ie
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WITHOUT OUR PRIOR WRITTEN CONSENT. WHERE WE DO GIVE SUCH CONSENT THEN THE ADVICE WILL BE TRANSMITTED TO THAT
PERSON FOR INFORMATION ONLY AND CANNOT BE RELIED UPON BY THEM UNLESS WE HAVE EXPLICITLY AGREED IN WRITING THAT
THEY MAY RELY ON IT.
TO THE FULLEST EXTENT PERMITTED BY LAW, KPMG ACCEPTS NO LIABILITY FOR ANY LOSS OR DAMAGE SUFFERED OR COSTS
INCURRED BY ANY PARTY OR PERSON, OTHER THAN THE CLIENT UNDER THE TERMS OF OUR ENGAGEMENT LETTER, ARISING OUT OF,
OR IN CONNECTION WITH, OUR ADVICE, HOWSOEVER THE LOSS OR DAMAGE IS CAUSED.
28. DCU Centre for Family Business
www.dcu.ie/centreforfamilybusiness
Email: familybusiness@dcu.ie
Phone: +353 1 700 6921
Linked In: DCU Centre for Family Business
Quinn Family
Foundation